THE Department of Finance (DOF) said headline inflation likely picked up to 2.5 percent in October from 2.3 percent in September and 0.4 percent a year earlier, attributing the increase largely to the low comparative base in 2015.
“Just like last month, the apparent surge in inflation rate is the result of base effects. October last year registered an inflation rate of 0.4 percent,” Finance Undersecretary Gil Beltran said in a report.
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